Watch List notes:

Bank of England, J.G. Nairne, £20, Manchester 28 March 1910, serial number W8 34814, black and white, ornate crowned vignette of Britannia top left, 'I promise to pay the Bearer on demand the sum of Twenty Pounds', value in black tablet low left,, (EPM B208df), a bright good very fine, an early date for Manchester. Most Nairne Manchester notes from one group, the £20 very rare and less than 10 examples believed extant.

Estimate: £1800 - £2200